The bottom has been called

bubblesmoney

things must be getting worse in usa property market if signs like the one below are coming up at scrap yards there. and what goes on there winds its way to the banks here who bought the usa mortgage backed securities. so their credit situation will stay tight for longer

lostinrates

chickmug wrote: »

If the EA takes long term view that some years earnings will be good, other years earnings will be average and other years earnings will be poor there is NO problem. So the technique is to take from the business enough but not be greedy. Then in bad times there is money to get you, AND your staff through.

The problem is the greedy ones who take, take and take and have no regard for what is inevitable.

But how do you tell them apart? purely age of business...that they have got through bad times before? Thing is, even then, doesn't mean the agents are the same.

chickmug

lostinrates wrote: »

But how do you tell them apart? purely age of business...that they have got through bad times before? Thing is, even then, doesn't mean the agents are the same.

I would hate (knowing what I know) to have to use an EA!

I would have a sheet of questions and expect potential EA's to answer all fully. Ask for sample details, ask for copy of agreement, and, and, and, so on and on. Yes I would hate to be in that position - I really would.

housesitter

chickmug wrote: »

If the EA takes long term view that some years earnings will be good, other years earnings will be average and other years earnings will be poor there is NO problem. So the technique is to take from the business enough but not be greedy. Then in bad times there is money to get you, AND your staff through.

Human nature perhaps, or unfortunately believing in your on hype.
Certainly the impression I got from Winnington was that there were far, far, far too many agents with a presense in the area and that surely it was unsustainable.

I've seen marked changes in car driven by EA's over the last few years for example. Land Rovers everywhere these days.

chickmug

housesitter wrote: »

Human nature perhaps, or unfortunately believing in your on hype.
Certainly the impression I got from Winnington was that there were far, far, far too many agents with a presense in the area and that surely it was unsustainable.

I've seen marked changes in car driven by EA's over the last few years for example. Land Rovers everywhere these days.

Interesting one what cars do EA's drive.

One EA had the negotiator of the month allowed to use the Golf GTI for the next month - funny.

But yes many partners seem to like flash cars. I know one who bought an £80,000 car bragging how well he was doing and his business folded this year with a multi office operation. Greed and its the employess I feel sorry for.

wymondham

It will get a lot worse before it gets better, but try telling an Estate Agent that! :rolleyes:

chickmug

wymondham wrote: »

It will get a lot worse before it gets better, but try telling an Estate Agent that! :rolleyes:

EA's may be bull sh*tters but they know what is going on but perhaps don't admit to it. Trouble is they forget to turn off the hype even when they talk to friends and that's why I have few friends who are EA's as they get on my nerves. I feel like saying, zip it, button it or shut the **** up.:D

geoffky

I HAVE JUST PHONED THEM AND ASKED THEM TO PUT THEIR MONEY WHERE THEIR MOUTH IS AND OFFER GUARANTEES THAT ANYONE WHO BUYS TODAY AND TRIES TO SELL IN THE NEXT TWO YEARS WILL THEY OFFER TO PAY THE SHORTFALL....GUESS WHAT THE ANSWER WAS...:rotfl::rotfl::rotfl::rotfl::rotfl:



48 High Street,
Northwich,
Cheshire
CW9 5BE
Tel: 01606 352220
Fax: 01606 352221
[EMAIL="sales@coulbyconduct.co.uk"]sales@coulbyconduct.co.uk[/EMAIL]

chickmug

geoffky wrote: »

I HAVE JUST PHONED THEM AND ASKED THEM TO PUT THEIR MONEY WHERE THEIR MOUTH IS AND OFFER GUARANTEES THAT ANYONE WHO BUYS TODAY AND TRIES TO SELL IN THE NEXT TWO YEARS WILL THEY OFFER TO PAY THE SHORTFALL....GUESS WHAT THE ANSWER WAS...:rotfl::rotfl::rotfl::rotfl::rotfl:



48 High Street,
Northwich,
Cheshire
CW9 5BE
Tel: 01606 352220
Fax: 01606 352221
[EMAIL="sales@coulbyconduct.co.uk"]sales@coulbyconduct.co.uk[/EMAIL]

Yes but were you the first to call or one of many today:D

WhiteThierry

funnily enough, the daily express also announced the bottom of the market in todays edition, including (with no tonge in cheek) the famous "only way is up now". The most alarming thing about this recession/housing slump is so called experts ability to forget recent history.